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view threaten u.s. interests in africa and require the attention of the government and the world. that's why we convened the hearing to assess and a path forward and stabilize the situation and to address ongoing humanitarian needs. i would like to welcome my friend and partner on the subcommittee senator ikesson and i understand we may well be joined by others and to thank our distinguished witnesses for sharing their insight and expertise. earlier this year, a security and political vacuum was exploited by extremists. today al qaeda and aqim and two affiliated groups control the majority of northern malli an area roughly the size of the state of texas making it the largest territory controlled by islamist extremists in the world. i am concerned the current approach is not comprehensive and forward leaning enough to address all threeze crises, security and plit and humanitarian. today we'll examine the policies. we'll assess evolving plans for a regionly led multilateral intervention and consider the complimentry goals of encouraging elections and restoring security by reclaiming the
its limits, only the private and public working together can get the u.s. economy fully back on track. in particular it will be critical that fiscal policymakers come together soon to achieve longer term fiscal sustainability without adopting policies that could derail the ongoing policy. thank you. i would be happy to answer your questions. >> i guess i have ad. unemproacr -- you have another paragraph that's not just targeted something else. so what good are these targets if you have to reference the calendar date? >> we will be learning about what unintended consequences they make, and we will see what else happens to the economy that affects the levels of unemployment, for example, that we hope to achieve. so for that reason, as i discussed in my opening remarks, we decided to make the right ra for asset -- criteria for asset purchases qualitative right now because we have a number of issues we need to look at before we go forward. rates were well understood and we understand the relationships between those and rate increases and the state of the economy. so we have been able to g
questions from the audience. hosted by the u.s. chamber of commerce this is just under an hour. >> thank you very much. thank you, everyone, for being here this morning. especially those who traveled to be with us. it's nice to close the doors from the rest of washington and the fiscal cliff debate for a little while and talk about fiscal challenges elsewhere. whether it's a good news or bad news, at least it gives us an opportunity to talk about something a little bit different than the news of the day in this final two weeks, i think, before hopefully congress finds an opportunity to either avoid or move or solve some of the fiscal cliff issues and fiscal challenges that we face. and thank you for dick gravich and the work of the panel and the commission he co--led. there are copies of that report that were available when you came in. it's an excellent document that i really encourage everyone to take a close read. it's filled with good analytics in terms of what's going on on the state level. to help us understand. and i fully agree, dick, with your comments earlier about the disconnect.
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